Newsroom

Related Topics

Hamas claimed Wednesday to have fired two rockets at the Noa gas installation off the coast of the Gaza Strip, Reuters reported, apparently the first such attack by the terror group

Israel said no projectiles had hit the Israeli gas well, which lies on a platform some 30 kilometers (18 miles) off the Gaza shore and is operated by Delek and Noble Energy.

Noble said in a statement that “the gas is flowing, business as usual.”

While the chances of one of the crude rockets hitting a gas well is highly unlikely due to their inaccuracy, such an event — if it were to occur — could be catastrophic. It is unlikely that the installations have any protection from such attacks.

The discovery of large natural gas deposits off its coast has positioned Israel to become a leading energy exporter in the region. Israel has long relied on imports to meet most of its energy needs. The gas fields are expected to supply Israel’s domestic needs for decades and could transform the country into an energy exporter.

Get the Start-Up Daily free by email for selected top stories of our 24/7 coverage

Email:

The email is either missing or invalid

Name:

Please enter your full name

Country:

Please select your country

Almost finished...

We need to confirm your email address first.

To complete the subscription process, please click the link in the email we just sent you.

By signing up to the Start-Up Daily mailing list, you hereby accept The Times of Israel Terms of Use and Privacy Policy, and you agree to receive the latest news & offers from the Start-Up Israel and its partners or ad sponsors.